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Why do small businesses fail? Avoid small business failure: build your team before you can afford it - YouTube
Channel: UBLA UNripped
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Woooow! Hey hi guys welcome back. Today we're gonna do part
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two of why do small businesses fail. And if you
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haven't watched part one look in the description below - go and check it out now.
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Sso let's get started!
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maybe small businesses fail because they
can't see the smoke because of the trees
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or is it the trees because of the smoke
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i chose a secluded spot and i got the
whole
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of nature coming at me and we put a
little bit of smoke to get rid of the
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mosquitoes quick we use lemongrass it's
really cool
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hey why do small businesses fail uh
great question go and watch the other
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video if you've not seen that yet watch
them in sequences a series
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small businesses fail for many reasons
it's not one single reason
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it's a compounded reason one stacks on
top of the other
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and it's like a a house with a weak
foundation
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so small businesses fail and second
reason
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is because the teams are not created
properly
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they're not created at the right time
small business people
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are often previously an employee so
that's a certain mindset
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they then may become self-employed so
they might think they're in business but
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they're actually self-employed
self-employed and business are not the
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same thing
the difference is very simple business
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means you go to bed
sleep wake up in the morning got more
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money in your bank account that's a
simple definition
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when you're self-employed you go to bed
you stop work no build hours
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so small businesses fail the second
reason
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because small business owners don't
understand
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about building teams the right time to
build a team
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just have a look at this clip here and
you'll see perfect team building in
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action
this is a bunch of ants you'll see all
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these ants they've
got total team coordination they're a
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brilliant team
look you see the big ants the small ants
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some are carriers some are walkers
some are protectors some are they're a
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perfect team
small business owners are afraid of
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building a team
number one is the cost think well how do
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i pay for them
the mindset of a successful business
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person is not about how do i pay for
them
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it's like how do i create more business
to be able to pay for them
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because a small business owner tends to
do things in small ways
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a business owner will only grow into a
bigger business
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once they actually understand that they
have to build a team it's very very
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important to build a team
and not be afraid to build the team so
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you ask yourself the question where do
you get the money to build the team
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where do you get the resources to build
the team
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well you can be very creative when we
were doing um
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bouncing olive in australia we had 20
people
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living in our house and they were
volunteers
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and we lived in the garage now
it's a three-car garage with a with a
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with a bathroom and a shower and
everything so it was pretty luxurious
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but we let everybody else go into the
into the house they lived in the house
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and every day we jumped into our tirago
van we went down to our shop and
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produced our amazing meals
that's how we got started that's how we
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build the tin because we didn't have the
cash
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so creativity will help you one so you
must get over the fear of building a
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team
if you're a small business owner so that
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you can actually grow
don't be afraid about trying to pay for
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it
find ways of how to create it right now
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ubla
we don't have cash flow i'm not putting
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any personal money in or very little
so it has no supporters no sponsors
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right now but we've got
team there's three team members four
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team members if you include kyra
and basically they're volunteers that
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want to be inspired by the project
so that's a great interesting story as
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well if your project is inspiring
you'll attract people to actually be
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part of your team now i'm getting a
little bit off track
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so this is the core message today don't
be afraid
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to hire people don't be afraid to make
mistakes
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don't be afraid to grow because
what happens if you don't hire a team
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you will be tired
tired tired tired and worn out
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now what's going to happen to your
business when that happens
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where's your cash flow going to go are
you going to be if you're public facing
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going to be a happy face every day
so people start noticing that you're
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very miserable
and they'll stop coming before you're
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happy and going
outgoing but you suddenly become
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miserable and they don't know why
but you know they don't realize you're
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working 20 hours a day and get four
hours sleeping you're looking after the
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little kids
so if you want to grow as a business you
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must
employ people don't be afraid to do that
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take the steps and try to get people
into business for free
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volunteers students people who want
their experience
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younger children our youngest team
member is seven
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in our team for ubla the next is 12.
coronavirus there's no school so they're
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all being part of what we're doing
we're roping them in our 12 year old
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gisele actually gets paige gets paid
not a lot but here in the philippines
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it's actually quite a lot and she helps
with the back end production and she's
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learning
better than going to school
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so that's my message today be brave
take a big breath and start bringing
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people into your business
learn how to hire people look at this as
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a final story here
look at this this is from the previous
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video you'll see the lady on the left
she's called maya and basically maya was
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our very first team member in that
business that was fast feast in new
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zealand
and we hired her the day after we opened
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the shop
we opened the shop worked at what was
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going on and the day after we hired her
and she was the team leader so we hired
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the person at the top we then brought
two people underneath her
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and we were successful in the business
we made so much money
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we had so much energy and so much
creativity and time to put
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effort and energy into marketing which
is
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money generating instead of behind the
counter making chips making sandwiches
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we did marketing we went to our highest
core value
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and delivered our highest core value so
that's what you must do in a small
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business you must
constantly elevate yourself to get to
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your highest core value and deliver that
and bring team in underneath you as you
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go so
my name is david anthony give me a
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thumbs up if you like what was going on
today and you got value i hope we're
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giving a lot of value
subscribe if you're not already
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subscribed this is part of a series
about
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why do small businesses fail so remember
check out in the descriptions below
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and basically for the other links and
it's probably five or six parts series
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i'm not sure depends how excited i get
so thank you very much i appreciate you
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being here i hope you're really well in
these challenging times
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take care and bye bye
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you
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